Best financial advice

Which is best advice you ever got in the world of finance?

If in doubt, split your decision down the middle. For example, if you want to sell your share in something, but are not sure, just sell half.

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Don’t try to beat the odds. Try to get them in your favor.

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Buy the bottom, sell the top. Applies to everything in life.

Financial success is a symptom of excellence, not a cause of excellence.

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Trust your own decisions, and not someone else’s. You can’t rely on other people to make decisions for you. You shouldn’t stop your financial decisions if people go on vacation.

Just as a doctor becomes a better doctor by working in his field, so does a trader by trading. Don’t feel bad about fucking up or losing money. Understand why it happened and move on. Failure is a necessary part of growth.

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